Athens News Agency: News in English, 11-05-06

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] ASE opening: stocks level

[02] Athens Newspaper Headlines 

[01] ASE opening: stocks level

Among individual sector indices, the biggest gains were in Insurance (up 3.5 percent) and Public Utilities (up 1.16 percent).

The biggest losses were in Construction (down 2.37 percent), and Commerce (down 1.15 percent).

The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 0.05 percent, the FTSE/ASE MID 40 index was down 0.44 percent, and the FTSE/ASE-80 small cap index was down 0.59 percent.

Of the stocks traded, 22 were up, 46 were down, and 18 were unchanged.

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[02] Athens Newspaper Headlines

A statement by Infrastructure Minister Dimitris Reppas that 'a nincompoop at the finance ministry' was behind rumours that he had fallen out with 'Troika' experts and municipality finances dominated headlines in Friday's dailies.

ADESMEFTOS TYPOS: "Municipalities of the country on their 'deathbed' financially".

AVGHI: "'Troikanising' wages, pensions and unemployment benefits again". [play on words with IMF 'Troika' and similar-sounding Greek 'rokanizo' that means to slowly reduce].

AVRIANI: "Country in a regime of cut-price sell-off after being turned over to IMF".

DIMOKRATIA: "Papaconstantinou a 'nincompoop'."

ELEFTHEROS: "Strauss-Kahn: [PM George Papandreou] naive, does not understand the problems".

ELEFTHEROS TYPOS: "The Portuguese aren't nincompoops".

ELEFTHEROTYPIA: "And the nincompoops in the middle".

ESTIA: "Unbelievable chaos with tax statements".

ETHNOS: "Departments scrapped at universities, TEI".

IMERISSIA: "Mergers a shield for banks".

KATHIMERINI: "Troika causing nervous breakdowns"

LOGOS: "The nincompoop and the 'troika'...".

NAFTEMPORIKI: "Framework for founding businesses modernised".

NIKI: "Backdated cuts in supplementary pensions".

PARASKEVI+13 (weekly): "George, no more lies".

RIZOSPASTIS: "Memorandum for municipalities that imposes new anti-popular measures".

TA NEA: "Flexi-time work hours with fewer rights".

VRADYNI: "Candidates for nationwide university entrance exams in limbo"

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